GBP/AUD - Daily Trading

after a down fall on gbpaud now gbpaud is starting its up trend from 1.6900 to 2.0000

Really? I see that this pair closer to my exit area 1.6737 now..LoL..
 

could only be said by someone that is holding long from 06/20/2016

I don't see this pair falling too much further ... i believe the 1.66 is pretty strong support

Got 2 option calls ready to execute if this comes down another 50 - 100 pips ... keeping my fingers crossed

I'm still hold one position @1.6675 with TS, but I agree that this pair is really extreme oversold now, after reach its Fibo Ret 0.00 (Daily TF). Strong support.
Let's see what happen tomorrow..

Cannot buy or short this one.......waiting....

the only thing I've learnt over 4 FF accounts and 6 yrs is
the market is just as unpredictable as a human being
it will do as it wishes
even the bank traders have WTF's occasionaly

i think downtrend end now now it will will b range bound then go up

TS was hit last night. Sideways time now..

May be some surprise with this pair today!!!

What about less mysterious?

CPI on the way

I think this daily chart talks for it self.
In my opinion this market is currently bottoming out after forming a huge falling wegde. A falling wedge is traditionally a exhaustion pattern, and looking at this chart there is quite a chance for decent move higher. I am expecting to see a dynamic move higher towards 1.65/66 from there we will see a corrective leg towards 1.62/61 and followed by another dynamic move towards the 1.70 handle or even 1.77 depending on the fundamental developments regarding brexit.

I am personally planing on going long at 1.5930/5900 with a stop below 1.58 and my first target is 1.65 and then i will reevaluate and look for maybe more...

good luck

Top game plan iTrader... you did call it!

didn't trigger should be canceled

Nice trade

where is this pair headed?